Texas Capital Upgrades Brunswick (NYSE:BC) to “Strong-Buy”

Brunswick (NYSE:BC) was upgraded by investment analysts at Texas Capital from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

BC has been the subject of several other research reports. DA Davidson increased their price objective on Brunswick from $68.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. B. Riley Financial restated a “neutral” rating and set a $80.00 target price (up from $70.00) on shares of Brunswick in a research note on Friday, January 30th. Roth Mkm reaffirmed a “buy” rating and set a $94.00 target price (up from $79.00) on shares of Brunswick in a research report on Friday, January 30th. Wolfe Research set a $90.00 price target on Brunswick in a research note on Monday, January 12th. Finally, Morgan Stanley set a $82.00 price target on Brunswick in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Brunswick presently has an average rating of “Hold” and an average price target of $84.00.

Brunswick Stock Down 1.5%

NYSE:BC opened at $70.99 on Tuesday. The company’s 50-day simple moving average is $83.39 and its 200-day simple moving average is $72.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $90.25. The stock has a market capitalization of $4.60 billion, a P/E ratio of -33.49 and a beta of 1.39.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. Brunswick’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. On average, equities analysts anticipate that Brunswick will post 4.19 earnings per share for the current fiscal year.

Insider Transactions at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 4,981 shares of Brunswick stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $87.38, for a total transaction of $435,239.78. Following the completion of the sale, the vice president owned 39,740 shares of the company’s stock, valued at approximately $3,472,481.20. The trade was a 11.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 38,266 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $86.56, for a total value of $3,312,304.96. Following the sale, the chief executive officer owned 271,169 shares in the company, valued at approximately $23,472,388.64. The trade was a 12.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

A number of large investors have recently bought and sold shares of BC. First Horizon Corp purchased a new position in Brunswick during the 3rd quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its holdings in shares of Brunswick by 72.3% in the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after acquiring an additional 159 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick in the fourth quarter worth $30,000. Jones Financial Companies Lllp increased its stake in shares of Brunswick by 50.6% in the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after acquiring an additional 166 shares during the period. Finally, Quarry LP raised its holdings in shares of Brunswick by 38.4% during the fourth quarter. Quarry LP now owns 440 shares of the company’s stock worth $33,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.